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The Block (theblock.co) is a news outlet covering cryptocurrency, blockchain technology, and digital asset markets.
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Kalshi will end its volume rebate on or after October 13 as the CFTC reportedly reviews over $5 billion in repeated ether perpetual trades. Kalshi says paid market makers produced those prints, leaving investors at a $40 billion valuation to judge how much liquidity was bought.
Reality
Bitquery tied 56 Robinhood Chain memecoin launches to one crew that netted about $15.5 million through wallets exempt from the Pons launchpad's snipe tax. Another 467 clusters ran the same play for a possible $11.6 million, so the weakness is in the venue's rules even though most of the money went to one group.
Reality
Combined Kalshi and Polymarket volume reached $53 billion in July, an annual pace above Bernstein's forecast for all of 2026, and Senate Banking Democrats say contracts tied to corporate metrics belong to the SEC.
Reality
VVV hit a record $34.51 on September 21, putting Venice near $1.62bn against a $100m annualized run rate. That is about 16 times revenue on a platform whose token burn is paid for out of the same revenue.
Perspective Coverage
3 publishersReality
Token purchases at Crossmint checkouts on Fomo and Robinhood Wallet went out under 5815, the code for e-books and streaming, and earned ordinary points. Visa's rules put crypto under 6012 or 6051 with a quasi-cash flag.
Reality
According to the Wall Street Journal, nearly 500 Polymarket US accounts were entered by people who typed in someone else's Social Security number. The flow's duplicate-identity check opened the account it matched instead of blocking the attempt.
Reality
Chase challenged a single misclassified Visa purchase. The network has told payment processors that the code covering e-books and music will not carry meme coin checkouts. The Clarity Act failed to advance in the Senate the same week.
Reality
Bitwise is closing its Dogecoin ETF in October after about ten months on NYSE Arca, and the fund's own filings show net assets of $473,547 at the end of June against $1.15 million six months earlier.
Reality
Revenue per petahash rose almost exactly in step with the coin in August, so the miners' equity gap says more about how they are funding AI build-outs than about the margin on a mined bitcoin. Luxor's forward curve offers no relief before February.
Reality
Builders Bank & Trust would custody bitcoin and stablecoins under one federal supervisor instead of fifty state ones. That is worth paying for. But 23 of the OCC's last 40 applications want much the same thing.
Reality
The Block found Robinhood Wallet and Fomo card purchases coded as digital goods while Visa's own manual reserves 6012 or 6051 for crypto. Chase has taken the discrepancy to the network rather than a regulator.
Reality
The $717 million headline nets to about $590 million of cash once cash acquired is counted, and it was raised at 8.500%, which sets the hurdle every loan in the acquired pipeline now has to help clear.
Reality
The aggregate says buybacks buy nothing, which is true of the median program and false of the two protocols that are almost all of the spending, one of them up 145% in a market down 11.9%.
Reality
A $1.92 billion ETF inflow print and a Fear and Greed reading of 78 say institutional sentiment flipped. Neither says whether the money was spot or borrowed.
Reality
The Zcash Trust is being restructured for a NYSE Arca listing under ZCSH, with a DCG affiliate in non-binding talks to hand over 200,000 ZEC as seed.
Reality
Horizon 1 is delivered at Childress, Texas. Billing only starts after a five-day GPU validation, which is now the number that matters more than the headline contract value.
Reality